AGENCY.COM TO PICK UP STAFF, ASSETS OF RED SKY

NEW YORK (AdAge.com) -- Seneca Investments-backed i-shop Agency.com is expected to assume workers and other assets of Red Sky, another Seneca-backed i-shop that filed for Chapter 11 bankruptcy protection earlier this year.

The deal is contingent upon the completion of the bankruptcy proceeding. Agency.com executives wouldn't comment. Red Sky officials couldn't be reached.